After falling yesterday, EURUSD reached stability on Thursday morning; investors are looking for support.
The major currency pair stopped falling on Thursday morning and is trying to reach stability. The current quote for the instrument is 1.1302.
Yesterday, investors’ attention was again switched to US-Chinese trade talks as the US President Donald Trump said that the agreement might be concluded in the nearest future. This news made the USD revive a bit.
The Eurogroup Meetings are being held today, where policymakers may discuss budget issues, including the Italian one.
The German Final CPI remained unchanged in May at +0.2% m/m, the same as previous estimations, but had no influence on the European currency. In the afternoon, the Euro Area will report on the Industrial Production for April, which may lose 0.4% m/m after showing -0.3% m/m in the previous month. If the actual reading matches the forecast, it will indicate lack of new orders and problems with sales. It’s a negative signal for the Euro
In the evening, the USA are scheduled to publish the weekly report on the Unemployment Claims, which is expected to show 215K after 218K the week before. It’s a slight decline, but as long as the reading is between 205-225K, it won’t force any serious fluctuations.
Later, there will be the US Import Prices report for May, which may lose 0.3% m/m due to trade wars.